The American company Tesla lost its title of the largest electric vehicle manufacturer in the world last year, conceding it to the Chinese automotive giant BYD, reports LETA citing AFP.
In 2025, Tesla sold approximately 1.64 million electric vehicles worldwide, which is 8% less compared to the previous year.
At the same time, BYD's electric vehicle sales amounted to 2.26 million units.
Analysts attribute the decline in Tesla's sales to U.S. President Donald Trump's decision to eliminate the $7,500 tax credits previously offered for electric vehicle purchases at the end of September.
Experts also note that even before this, Tesla's sales volumes in the largest markets began to decline, which is linked to Trump's political support from the company's owner, Elon Musk.
Moreover, in 2024, Tesla only slightly outpaced BYD: the American company sold 1.79 million electric vehicles, while BYD sold 1.76 million.
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